The Egyptian Economy in the Twenty-First Century

The Hard Road to Inclusive Prosperity

The Egyptian Economy in the Twenty-First Century
Khalid Ikram, Heba Nassar
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NZ$ 194.99
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NZ$ 175.49
Hardback
Not defined - 536pg
11 Nov 2022 US
International import eta 7-19 days
9781649031778
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A multi-faceted account of Egyptian economic development by nineteen internationally recognized authorities and the critical challenges the economy is likely to face in the next twenty yearsThe Egyptian Economy in the Twenty-first Century addresses the question of why Egypt, despite possessing a plethora of assets--such as a fertile agriculture, a strategic geographic location, oil and gas deposits, innumerable tourist sites, a labor force prized by regional countries, and a diaspora that remits large amounts of funds--has seldom performed to its economic potential during the last sixty years. Indeed, economic weakness created political weakness, and often exposed the country to foreign diktats. What should the country do to change this state of affairs? Nineteen internationally recognized authorities on the Egyptian economy discuss the critical challenges that the Egyptian economy is likely to face in the next two to three decades, challenges which must be overcome in order to improve the life of Egypt' s citizens and to protect the country from external pressures. Their analyses cover population and employment; development strategies; principal macroeconomic issues; development of a digital economy; fiscal and monetary matters; the external sector; poverty and income distribution; the enterprise structure; higher education; water availability; urbanization; institutional performance; and many others. Contributors: - Gouda Abdel Khalek, Cairo University, Cairo, Egypt - Khaled M. Abu-Zeid, Regional Water Resources, CEDARE (Center for Environment and Development for the Arab Region and Europe), Cairo, Egypt. - Fatma El Ashmawy, World Bank. - Ragui Assaad, University of Minnesota, Twin Cities of Minneapolis and Saint Paul, Minnesota, USA - Izak Atiyas, Economic Research Forum, Cairo, Egypt. - Marwa Biltagy, Cairo University, Cairo, Egypt. - Lahcen Bounader, International Monetary Fund. - Ishac Diwan, Ecole Normale Superieure, Paris, France. - Ahmed Ghoneim, Cairo University, Cairo, Egypt. - Khalid Ikram, Washington DC, USA. - Karima Korayem, al-Azhar University, Cairo, Egypt. - Heba el-Laithy, Cairo University, Cairo, Egypt. - Noha el-Mikawy, Ford Foundation, Middle East and North Africa, Cairo, Egypt. - Mohamed Mohieddin, Menoufia University, Menoufia, Egypt. - Heba Nassar, Cairo University, Cairo, Egypt. - Osman Mohamed Osman, Cairo, Egypt. - Noha Razek, University of Regina, Canada. - David Sims, Cairo, Egypt. - John Waterbury, Princeton, New Jersey.
PRAISE FOR THE EGYPTIAN ECONOMY IN THE TWENTY-FIRST CENTURY: "A tour de force! Ikram and Nassar have assembled leading experts on Egypt and have compiled a masterful collection of strongly analytic yet highly policy-relevant chapters on key aspects of the economy. Critical challenges are identified with acuity, and vital recommendations are offered to help steer future policies. An excellent contribution and a must read. " --Danny Leipziger, George Washington University"This book brings together articles by well-known experts on the critical areas of the Egyptian economy, both its current situation, and the near term outlook. It not only addresses the challenges that the economy is currently encountering, but also provides the analytical framework that will be needed to assess and respond to the likely unforeseen economic effects of the possible structural shifts in the global economy in the period ahead. The book is an important contribution to understanding the evolving Egyptian political economy and helps establish a sound basis for formulating the needed policy reforms to achieve Egypt' s medium term objectives. "--Zubair Iqbal, Middle East Institute"This tour de force is a major contribution to development economics in times of unprecedented and accelerating change. The chapters in this book set out to explain why Egypt, despite its numerous physical and human assets, has so frequently underperformed its economic potential during the last sixty years. The way out is by abandoning the current zigzag of incoherent policies in favor of a human-resource-based strategy similar to that of the East Asian Tigers. The main message may be summed up in the words of Albert Einstein: ' We cannot solve our problems with the same thinking we used when we created them. ' "--Samir Radwan, Former Minister of Finance of EgyptPRAISE FOR THE POLITICAL ECONOMY OF REFORMS IN EGYPT: "A must read for all those with an interest in the political calculations that underlie the making and implementing of economic policies. " --Shahid Yusuf, George Washington University School of Business"An important contribution not just to the economic history of Egypt, but to the political economy of aid and development. "--Ehtisham Ahmad, University of Bonn and London School of Economics"This book is a gem. . . . It is poised to be a classic read for students, researchers, and practitioners alike. " --Tarek H. Selim, The American University in Cairo"This book is not only a major analytical contribution toward understanding the Egyptian political economy, but also provides a template for assessing policy challenges in other developing countries, particularly in the Middle East. " --Zubair Iqbal, Middle East Institute"Khalid Ikram cuts straight through to the deep-rooted causes for the failure to improve productivity and growth. With breadth, precision and clarity, he traces the absence of real reform back to the low level of political legitimacy accorded to the regimes in place since the 1970s and to governance more focused on political survival than on the pursuit of long-term economic growth. " --Ishac Diwan, Chaire Economie Monde Arabe, Paris Sciences et Lettres"This outstanding book puts Egypt' s economic history in the context of those of other developing countries, comparing it to such histories in East Asia and Latin America. Ikram skillfully weaves economic theory into his account of Egyptian economic policies over the last half century and assesses the role and effectiveness of foreign aid. " --John Waterbury, Foreign Affairs"A complex, but comprehensive web of analysis. " --China International Strategy Review"This book is an outstanding work on several fronts. It is not only a book on the political economy of reforms in Egypt; rather it is the only book available that has tackled economic reforms in a comprehensive manner. . . . serves a wide audience, ranging from policymakers to academics to students and laymen. . . . an indispensable source. " --Ahmed Ghoneim, Review of Economics and Political Science"A useful resource for understanding Egypt' s economic predicaments. "--Housam Darwisheh, The Developing Economies"Khalid Ikram' s book is a must read for anyone looking for a comprehensive review of Egypt' s political economic challenges of the past 70 years. . . . It' s approachable for non-economists while having enough substance to benefit specialists as well who are looking for qualitative context to the story told in the data on Egypt' s economic history. It' s also a pleasure to read. " --Timothy Kaldas, The Tahrir Institute for Middle East Policy
Khalid Ikram has been associated with Egypt' s economy for more than forty years, including as director of the World Bank' s Egypt department. His international consultancies include governments, the World Bank, the Asian Development Bank, USAID, DFID, ITZ, OECD, UNCTAD, UNDP, and leading private institutions. He is the author of Egypt: Economic Management in a Period of Transition (1981), The Egyptian Economy, 1952-2000: Performance, Policies and Issues (2006), and The Political Economy of Reforms in Egypt: Issues and Policymaking since 1952 (AUC Press, pbk edition, 2021). His awards include the Korean President' s medal for services to Korean development. Heba Nassar is professor of economics at the Faculty of Economics and Political Science and former vice-president of Cairo University. She is also chief editor of the Review of Economics and Political Science and currently directs and has participated in research projects for leading private and international institutions, including the World Bank, UNDP, UNIDO, ILO, and the Ford Foundation. The author of several articles and books, she received in 2021 the Egyptian state' s Women' s Appreciation Award from the Academy for Scientific Research and Technology.
Status: No local stock, title imported to order
ISBN-13: 9781649031778
Published: 11 Nov 2022
Published In: United States
Imprint: American University in Cairo Press
Publisher: American University in Cairo Press
Format: Hardback
Pages: 536

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